Daiwa Securities Group Inc. reduced its stake in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 1.2% during the second quarter, Holdings Channel reports. The institutional investor owned 20,115 shares of the real estate investment trust’s stock after selling 250 shares during the period. Daiwa Securities Group Inc.’s holdings in Mid-America Apartment Communities were worth $2,120,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MAA. Macquarie Group Ltd. raised its stake in shares of Mid-America Apartment Communities by 88.8% in the fourth quarter. Macquarie Group Ltd. now owns 59,012 shares of the real estate investment trust’s stock valued at $5,778,000 after buying an additional 27,752 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in Mid-America Apartment Communities by 3.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 98,498 shares of the real estate investment trust’s stock worth $10,021,000 after buying an additional 3,636 shares in the last quarter. Creative Planning raised its position in Mid-America Apartment Communities by 50.7% in the first quarter. Creative Planning now owns 1,715 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 577 shares in the last quarter. Gulf International Bank UK Ltd raised its position in Mid-America Apartment Communities by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 35,090 shares of the real estate investment trust’s stock worth $3,570,000 after buying an additional 500 shares in the last quarter. Finally, National Pension Service acquired a new position in Mid-America Apartment Communities during the first quarter worth approximately $11,301,000. 92.30% of the stock is currently owned by institutional investors and hedge funds.

Mid-America Apartment Communities, Inc. (NYSE:MAA) opened at 104.36 on Wednesday. Mid-America Apartment Communities, Inc. has a 52 week low of $85.04 and a 52 week high of $110.95. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 48.25 and a beta of 0.35. The stock’s 50 day moving average price is $104.11 and its 200 day moving average price is $101.40.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.03. Mid-America Apartment Communities had a return on equity of 4.31% and a net margin of 15.80%. The company had revenue of $382.80 million for the quarter, compared to the consensus estimate of $382.17 million. During the same quarter last year, the business posted $1.54 EPS. Mid-America Apartment Communities’s revenue for the quarter was up 40.6% on a year-over-year basis. On average, equities research analysts predict that Mid-America Apartment Communities, Inc. will post $1.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Wednesday, July 12th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 148.72%.

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A number of equities analysts have commented on MAA shares. BidaskClub lowered Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Barclays PLC reissued an “overweight” rating and issued a $117.00 price objective (up previously from $116.00) on shares of Mid-America Apartment Communities in a research note on Wednesday, April 19th. Jefferies Group LLC reissued a “buy” rating and issued a $115.00 price objective on shares of Mid-America Apartment Communities in a research note on Monday, July 10th. Zacks Investment Research lowered Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Mid-America Apartment Communities in a research note on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $108.83.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

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Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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